Petrol price in Delhi hiked by Rs 1.67 per litre, diesel by Rs 7.10

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The government hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore revenues.
Representative Image, Photo by Skitterphoto on Pexels.com

New Delhi, May 5 (PTI) Petrol price in the national capital was hiked by Rs 1.67 a litre on Tuesday and diesel by a steep Rs 7.10 per litre after the Delhi government raised local sales tax or value-added tax (VAT) on the two fuels.

Petrol in Delhi now costs Rs 71.26 a litre as against Rs 69.59 previously, oil industry sources said.

Diesel price has been hiked to Rs 69.39 per litre from Rs 62.29.

This follows Delhi government’s decision to raise VAT on petrol to 30 per cent from 27 per cent, previously. In case of diesel, VAT has been almost doubled to 30 per cent from 16.75 per cent.

Source: PTI

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